Network Function Virtualization Market size was valued at USD 19.8 Billion in 2021, registering a CAGR of 25.4% during the forecast period (2022-2030), and the market is projected to be worth USD 151.8 Billion by 2030.
Network function virtualization (NFV) is a network that combines hardware and software to create a virtual network. It aids in the optimization of networks and related processes and minimises power consumption, lowering equipment costs. It makes it easier to access several apps on a single network appliance. A significant benefit of network function virtualization is a reduction in capital and operating expense.
Network Function Virtualization Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Solutions, Hardware, Software, Orchestration & Automation, Professional Services), By Application (Virtual Appliances, Core Network, Mobile Edge Computing, Virtualized Radio Access Network, Virtualized Evolved Packet Core, Virtual Internet Protocol Multimedia Subsystem), By Virtualized Network Function (Storage, Computer, Network), By End Use (Enterprises, BFSI, Healthcare, Media & Entertainment, Service Providers, Data Centers) and companies (Intel Corporation; ConteXtream Inc.; Juniper Network Inc.; F5 Network Inc.; Open Wave Mobility Inc.; NEC Inc.; Opera Software; HP; Oracle Corporation, Alcatel-Lucent; Ericsson AB; 6Wind SA; Huawei Technologies Co. Ltd.; Amdocs Inc.; Nokia Solutions and Network; CIMI Corporation; Connectem Inc), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 25.4%, over the forecast period of 2022–2030.
The increased adoption of Network Function Virtualization in the Communication Services industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Network Function Virtualization also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Network Function Virtualization in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||151.8 Billion|
|By Component||Solutions, Hardware, Software, Orchestration & Automation, Professional Services|
|By Application||Virtual Appliances, Core Network, Mobile Edge Computing, Virtualized Radio Access Network, Virtualized Evolved Packet Core, Virtual Internet Protocol Multimedia Subsystem|
|By Virtualized Network Function||Storage, Computer, Network|
|By End-user||Enterprises, BFSI, Healthcare, Media & Entertainment, Service Providers, Data Centers.|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Intel Corporation; ConteXtream Inc.; Juniper Network Inc.; F5 Network Inc.; Open Wave Mobility Inc.; NEC Inc.; Opera Software; HP; Oracle Corporation, Alcatel-Lucent; Ericsson AB; 6Wind SA; Huawei Technologies Co. Ltd.; Amdocs Inc.; Nokia Solutions and Network; CIMI Corporation; Connectem Inc.|
The COVID-19 pandemic has had a substantial negative influence on the Network Function Virtualization market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Intel Corporation; ConteXtream Inc.; Juniper Network Inc.; F5 Network Inc.; Open Wave Mobility Inc.; NEC Inc.; Opera Software; HP; Oracle Corporation, Alcatel-Lucent; Ericsson AB; 6Wind SA; Huawei Technologies Co. Ltd.; Amdocs Inc.; Nokia Solutions and Network; CIMI Corporation; Connectem Inc.
Market Segment Analysis:
- Orchestration & Automation
- Professional Services
- Virtual Appliances
- Core Network
- Mobile Edge Computing
- Virtualized Radio Access Network
- Virtualized Evolved Packet Core
- Virtual Internet Protocol Multimedia Subsystem
By Virtualized Network Function
- Media & Entertainment
- Service Providers
- Data Centers
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Network Function Virtualization industries in the region.
Key Network Function Virtualization Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Network Function Virtualization Market segments.
– Largest Market Share Held by Industry to Industry for Network Function Virtualization
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Network Function Virtualization Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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